Discussion Sorting Order seems to break material batching

I've looked at some posts online where its mentioned sorting order has no effect on gpu instanced or shared material. I have a scene that has GPU instanced objects and some non-instanced objects that are batched with default sorting order (0). Incrementing the sorting order by one for each in this order:

Instanced - 0
Non-Instanced - 1
Instanced - 2
Non-Instanced - 3
Instanced - 4
Non-Instanced - 5

In RenderDoc, the shader is switched each time between calls as well as the buffer bind, which breaks the purpose of instancing. To me this seems like expected behavior, but I just see claims of it having no effect on instancing. Am I forgetting something here?

 

Last time I heard about it someone did say it affected it. If you don't draw the same material at the same time it cannot batch it together